With prices rising everywhere, Airbnb ABNB,
the hosts report that their hosting money has become essential money.
More than a third of Airbnb hosts worldwide said hosting has helped them cover the rising cost of living.
The rental company launched its annual survey this week, which looks at how users interact with the platform. This year, the survey focuses on global inflation and asks how it affects hosts and guests using the platform.
While more than 40% of hosts who report revenue earned through the platform are for additional expenses, a similar percentage say they depend on that money to get to the end of the month. As groceries became more expensive, nearly half of the hosts worldwide said they used the proceeds to buy basic necessities, such as food.
According to the Food and Agriculture Organization of the United Nations, the FAO food index, an index that follows the monthly movements in international prices, has risen by almost 30% in April in compared to a year ago.
“Nearly 45% of respondents report that guests’ money has allowed them to stay at home for the past year, contributing to the payment of rent or mortgage. ”
Nearly 45% of respondents say the money has allowed them to stay at home, contributing to the payment of rent or mortgage.
The company reports that hosts make more money as people show a greater willingness to travel: A typical U.S. host earned an average hosting income of $ 13,800 in 2021, up 85% from 2019.
California, Florida and Texas are the top three states, and three of the hottest real estate markets in the country, with new US hosts earning the most, with $ 270 million, $ 265 million and $ 170 million last year, respectively. .
The holiday rental company recorded a strong first quarter earlier this year. With a record year in 2021, the company said its performance shows a full recovery from the impact of COVID-19.
In a call on the company’s earnings, Airbnb CEO Brian Chesky said: “People are also more confident about booking travel in advance, and we’re seeing strong demand for summer bookings and beyond”.